Modec wins Petrobras contract


  • Business Premium
  • Wednesday, 27 Aug 2008

RIO DE JANEIRO, Brazil (AP) - The Japanese firm Modec said Tuesday that it won a contract with Petrobras to build a floating production and storage facility that will drill for oil off the coast of Brazil in the nation's giant Tupi field.

Mitsui Ocean Development & Engineering Co., or Modec, a Tokyo-based provider of floating production systems said it will deliver the vessel at the end of 2010 as part of a 15-year contract.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

US jobs report expected to show another strong increase Premium
Wall St week ahead: Covid-19 fears reappear as a threat to market Premium
US Black Friday shoppers tapered online splurge, as some returned to stores Premium
Young people's perceptions, attitudes towards job security Premium
Takaful records strong growth in 1H despite pandemic Premium
CPO futures likely to trade lower next week Premium
China's industrial profits growth accelerates in Oct Premium
New COVID variant Omicron triggers global alarm, market sell-off Premium
Top US diplomat for Asia to visit Malaysia and three other ASEAN countries Premium
Oil settles down US$10/bbl in largest daily drop since April 2020 Premium

Others Also Read


Vouchers